Why China has stopped buying Ireland's wool

Current wool prices don't even cover the cost of shearing

With the wool price having slumped to 20c per kg, which doesn't cover the cost of shearing, farmers have to sell the wool at rock bottom prices, or store it, says Sean Dennehy, above, in the woolshed on his farm at Carrigdrohid, Co Cork. Picture: Larry Cummins

There is a crisis in the wool business at the moment.

Wool prices to put it bluntly, have collapsed.